Depository Trust & Clearing Corporation Fraud Cover-up In Progress

Thread: Trillions of Dollars Worth of Stock Certificates and Other Paper Securities Feared Damaged by Sandy

LETS STAY ON THIS!

Just like all those finacial records that went down with the Twin Towers and 7.

While the jokes relating to vaporization of assets from Hurricane Sandy were centered on the gold stored 60 feet below the NY Fed, it appears that in reality, Sandy may have destroyed portions of millions of Americans’ 401k’s, pensions, and stock accounts.

The DTCC $36 trillion in assets in the article the OP cited and the $43 Trillion sought or restitution in the lawsuit cited below are one and the same thing?

Thread: Banksters & Their Attorneys Panicking! $43 Trillion Lawsuit Now Officially In Federal Court & Moving Forward

I believe they are different

Andy Hoffman of Miles Franklin and Bix Weir from Road to Roota discuss the latest breaking Wall Street Fraud: The DTCC’s claim that a large amount of their $36.5 Trillion in securities holdings at 55 Water Street in NYC have been “damaged” by flooding from Hurricane Sandy. How convenient.





Last Edited by No Dhimmi on 11/06/2012 10:38 AM

Well as rich as those fuckers are, you'd have thought they could afford to buy a waterproof/fireproof vault...

Sounds like an excuse when the shit hits the fan - to blame the issue on this

Trillions of dollars in stock certificates and they store them in a leaky room under ground. They probably had some of their most trusted employees in there with fire hoses over the weekend.

Ex-CFTC Commissioner Michael V. Dunn (aka "Mr. Magoo!), the very worst excuse for a government regulator in history, landed himself a nice cushy job after leaving the CFTC.

HE WAS PUT IN CHARGE OF STORING THE RECORDS FOR THE DTCC!!!

DTCC Flood Reasoning Becoming Clear...IT'S ALL ABOUT SILVER!


Bix Weir and Andy Hoffman join me to discuss the latest breaking Wall Street Fraud: The DTCC's claim that a large amount of their $36.5 Trillion in securities holdings at 55 Water Street in NYC have been "damaged" by flooding from Hurricane Sandy. How convenient. Just when the criminality on Wall Street reaches an apex, they come up with a way to burn (or drown) the evidence of their epic crimes. Just like on 9/11 when WTC-7 collapsed at free fall speed taking along with it all of the documents in the ongoing Enron fraud investigation. You can't make this shit up. That's why we wanted to get this on the record.

Yes, it's a huge cover-up. No doubt about it. The most important documents related to almost every financial transaction in the world INCLUDING the derivatives have been destroyed...that is - if they were even ever there in the first place!


Here's the latest from Bloomberg:

"The company switched day-to-day command of its operations to its office in Tampa, Florida, and moved control of the technology that runs its clearing and settlement business and record-keeping to its Dallas data center the weekend before the Atlantic's largest-ever tropical storm, Michael Bodson, president and chief executive officer of New York-based DTCC, said in a telephone interview. The average value of transactions processed weekly this year is $23.1 trillion, DTCC said. "

"While the certificates may be damaged if water flowed into the vault, they're already recorded electronically in DTCC's systems, the CEO said. Once the company can assess the status of the certificates, it will figure out what to do about replacing them, he said. DTCC also has images of all bearer stocks and bonds in the vault, he said."

"Water in the underground level that includes the vault should be fully pumped out today, Bodson said. Assessments of whether there are contaminants in the building and whether it's safe for personnel to return can then begin, along with a study of how to open the vault since no one knows if water lies behind the two-ton door, he said. The vault, built on bedrock, has 18- inch walls of reinforced concrete and has never before been submerged, he said."

...and finally the motive can be told...

"This may be a golden opportunity for DTCC to move to a paperless setup for as many securities as possible," he said. "Hurricane Sandy may have handed them a fait accompli."

[link to www.bloomberg.com]

CFTC APPROVES DTCC'S SWAP DATA REPOSITORY


New York, September 20, 2012-- The Depository Trust & Clearing Corporation (DTCC) announced today that the Commodity Futures Trading Commission (CFTC) has provisionally approved an application by DTCC Data Repository (U.S.) LLC (DDR) to create and operate a multi-asset class swap data repository (SDR) in the U.S.

[link to www.dtcc.com]

"We are pleased with the CFTC's approval of DDR as a swap data repository," said Michael V. Dunn, Chairman of DDR. "We will be fully ready to operate on October 12, the first day of required reporting. This is an important step forward in implementing the Dodd-Frank Act and helping to bring greater transparency to the OTC derivatives market. It will allow the financial service industry to partner with regulators to more effectively monitor and mitigate potential systemic risk."

It's the KING of the CFTC Commissioner dunces Micheal Dunn!!!!

"To date, CFTC staff has been unable to find any reliable economic analysis to support either the contention that excessive speculation is affecting the markets we regulate or that position limits will prevent excessive speculation," Dunn said in a statement at a Jan. 13 CFTC meeting where he voted to propose the curbs to gather more information about the market.

[link to commoditymkts.wordpress.com]

This is PART 1 of 2: In this MUST LISTEN interview Rob Kirby of Kirby Analytics talks about the epic fraud of the DTCC - and their claim that $36.5 Trillion in securities have been compromised by flood waters from Hurricane Sandy. Rob asks, "WHY is this even a story at all??" We also cover the breakdown of capitalism and rule of law, which thanks to 9/11, naked shorting and endless other epic crimes is now nearly complete. Oh, and only in an environment as corrupt as this could Paedophile's be in positions of power for decades.

This is PART 2 of 2

well at least now we know what the engineered hurricane was about. Just like 9/11/01 was to hide trillions in missing money

The DTCC is the middle-man to almost every single trade in the entire financial sector.

Their fingerprints are on 5 QUADRILLION dollars of trades every year.

So basically some of the most important documents in the world weren't even kept in watertight vaults? Convenient indeed.

Here's an interesting article about DTCC's involvement in the JP Morgan / MF Global trades that eventually forced MF Global into insolvency.

[link to dealbook.nytimes.com]

Only article I've ever read about MF Global that really seems to explain what truly happened.

Oh shit, that's big news. It's fairly widely accepted that some form of SDR will be the next reserve currency after the Dollar fails. If the DTCC is positioning itself to transition to SDRs as a settlement currency financial doom is near...

A currency backed by derivatives. It's like fiat^2 currency.

Oops, I'm an idiot. I was thinking of a different SDR, Special Drawing Rights.

The U.S. Federal Energy Regulatory Commission yesterday suspended a JPMorgan Chase & Co. (JPM) unit’s electrical-trading authority, saying it had filed false information to regulators.

The action, part of a more aggressive effort by the commission to monitor U.S. power markets, prohibits J.P. Morgan Ventures Energy Corp. from selling electricity at market-based rates for six months starting April 1, 2013.

[link to www.bloomberg.com]

Do you remember how long it took you to realize that something was not right about the "Official Story" surrounding 911? Don't you wish you were clued into the conspiracy as the events were taking place so you could see all the moves of the bad guys in real time?

- Bix Weir

Here's my favorite line from an "unknown contractor" who bid on the clean up...

"It's nobody's business," he said. "The public doesn't need to know what's in that vault. It's between them and their customers."

Talk about an outrageous response from "an unknown contractor"!

Since when is the destruction of BILLIONS of dollars worth of financial transaction documentation "nobody's business"?

How about a glimpse at whtt is IN those vaults from the DTCC themselves...




Eligibility


DTC intends to make all appropriate securities eligible for its Custody Service. DTC reserves the right, in its sole discretion to refuse to accept a security or other instrument for its Custody Service.

Note- DTC compares certificate information with the deposit instruction transmitted by the depositing Participant in the “deposit expectancy file”.

Anything that can be securitized is eligible for custody including, but not limited to; Stocks (negotiable, non-negotiable and restricted) Bonds Open-ended mutual funds, short-term money market instruments, foreign securities, interest only, limited partnerships, promissory notes, private placements, customer-registered custodial assets.

Gold/Silver certificates
Note: DTC Custody will hold certain “Non-Standard” type assets fully disclosed for safekeeping only. These assets include, but are not limited to, Option Agrements and Warrant to Purchase. DTC does not accept any liability should such assets be lost, stolen or destroyed. Depositing participants assume full liability as well as responsibility for replacement of lost, stolen or destroyed fully disclosed “Non-Standard” assets.

[link to www.dtcc.com]

Last Edited by No Dhimmi on 11/19/2012 12:39 PM